Government to sell stake in green infrastructure investment vehicle June 21, 2015 THE GOVERNMENT is reportedly getting ready to sell off shares in its Green Investment Bank (GIB), a state-supported lender to green infrastructure projects, as part of chancellor George Osborne’s latest privatisation efforts. Sky News reported yesterday that advisers from Bank of America Merrill Lynch (BoAML) are working with Whitehall officials on plans to sell a [...]
£9,000 university tuition fees push students toward careers June 21, 2015 A new study out today finds that the first graduates to pay £9,000 per year in university tuition fees are more career-oriented, organised and ambitious than their predecessors. The study, conducted by independent researchers High Fliers Research, was based on face-to-face interviews with more than 18,000 final-year students at leading universities across the country. Researchers [...]
Recruiter says lack of diversity at top firms is hurting UK business June 21, 2015 A lack of ethnic diversity in Britain’s top firms is putting UK companies “at a serious disadvantage,” according to a new report out today. Researchers for recruiter Green Park have identified a widening so-called “diversity deficit,” with the position of ethnic minorities in leadership roles at FTSE100 firms declining over the past year. The report [...]
Jean-Claude Juncker lays out two-year plan for reforms across the Eurozone June 21, 2015 European Commission president Jean-Claude Juncker has set out a decade-long timeline for Eurozone reforms. In a report commissioned by European Union leaders, which involved input from the presidents of the European Central Bank, European Parliament, European Council and Eurogroup, the Commission calls for the completion of the euro area’s economic and monetary union, with “immediate [...]
Consumers are more upbeat on their finances June 21, 2015 Brits are feeling more confident about their personal finances after the General Election, survey data from a major UK bank show. Lloyds Bank’s spending power index climbed to a new high score of 160, according to figures released today. Consumers’ assessment of their current situation, a sub-section of the survey, jumped by 11 points to [...]
Bankers more unethical under tougher rules June 21, 2015 A “get tough” approach to poor employee performance may breed more unethical behaviour in financial services, new research reveals today. Generating excitement about winning, rather than a fear of losing, is the key to innovative and engender ethical behaviour, according to the report from London Business School and consultants PwC. Managers were 15 per cent [...]
TfL publishes new Night Tube map amid union threats to strike June 21, 2015 (Source: TfL) With 24-hour tube services set to go into effect in the autumn, Transport for London (TfL) has published a new Night Tube map. The new map shows Londoners which underground lines will operate through the night on Fridays and Saturdays when the extended services launch on 12 September. The Central, [...]
Media giant Vivendi set to announce Telecom Italia deal June 21, 2015 French media giant Vivendi is expected to announce next week it is raising its stake in Telecom Italia to 14.9 per cent and will likely get two board seats, according to a source close to the situation. The announcement could be made as early as tomorrow, the source said. A Vivendi spokesman declined to comment [...]
Raids on premises treble in HMRC tax evasion crackdown June 21, 2015 The number of raids carried out on premises has trebled in the last four years, as part of government investigations into tax evasion. Almost 600 property raids were carried out this year by HM Revenue and Customs (HMRC), following increased pressure from the government to meet its target of 1,165 tax evasion prosecutions set out [...]
JCB digs up milestone deal from Ashtead June 21, 2015 JCB has won one of its biggest single orders ever after securing a deal worth over £50m from hire firm A-Plant, part of FTSE 100 firm Ashtead Group. A-Plant is buying more than 1,550 JCB machines, taking the total number of machines it has bought from JCB over the last 25 years to over 10,000.
